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A loan of amount $15804.69 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are $900
A loan of amount $15804.69 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are $900 each, and the final 9 payments are each $1800. Interest is at an effective annual rate of 3.6%. What is the amount of the principal repayment in the 6th payment
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